China - Latest news GMK Center

Chinese steelmakers increased steel output by 2.6% y/y in January-August

Quotas for the IV quarter are likely to be filled in early October, which will affect prices in the EU

The capacity of the unit is estimated at 1.13 million tons of pig iron per year

These volumes are approximately 30% more than in 2022

For 8 months, the volume of raw material imports increased by 7.4% y/y

In August, Chinese steel companies shipped 13.3% more steel abroad than in July

The volume of steel production in the current year will not exceed the level of 2022

Steel companies in the region account for 21.7% of steel production in China

Sulfur dioxide emissions per ton of steel amounted to 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.40 kg/t

The aggregate profit of large and medium-sized enterprises in China during this period decreased by 15.5% y/y

The main factor in the reduction of the indicator is a decrease in supplies from the Russian Federation and Canada

This indicator increased by 6.5% year-on-year in January-July